Perfectly positioned on a coveted corner lot in one of Newport Heights most desirable locations, 465 Santa Ana Avenue presents a rare 3-unit multifamily opportunity. Zoned R-1, this property offers exceptional versatility and endless potential. The charming front bungalow features 2 bedrooms, 1 bathroom, a cozy fireplace, and a spacious private backyard, exuding classic Newport charm. The detached rear building includes two additional units—a 3-bedroom, 2-bathroom upper residence and studio in the lower unit. Additional amenities include two single-car garages and a shared laundry room for tenant convenience. Whether you’re an investor seeking a premium Newport Beach income property or a homeowner envisioning your dream build, 465 Santa Ana delivers the best of both worlds. Enjoy strong rental income while you plan future development. Located just moments from world-class beaches, top-rated schools, and the shops and restaurants of 17th Street, this is an opportunity not to be missed.